Singapore Real Estate
Hoi Hup, Sunway clinch keenly contested Tengah EC site for S$348.5 million
Hoi Hup Realty and Sunway Developments have bagged an executive condominium (EC) site in Tengah for S$348.5 million, with the S$703 per square foot per plot ratio (psf ppr) rate marking a record high for EC land.
https://www.businesstimes.com.sg/property/hoi-hup-sunway-clinch-keenly-contested-tengah-ec-site-s3485-million
https://www.edgeprop.sg/property-news/plantation-close-ec-site-tengah-awarded-hoi-hup-realty-and-sunway-developments-record-703-psf-ppr
New HDB Plus flat segment could be a boon for young seniors
I am unsure whether it’s a positive thing to be called a young senior. However, I am happy that Prime Minister Lee Hsien Loong acknowledged in this year’s National Day Rally (NDR) that those in their 50s and early 60s, a group he termed “young seniors”, are in a particularly sandwiched phase of life.
https://www.businesstimes.com.sg/opinion-features/new-hdb-plus-flat-segment-could-be-boon-young-seniors
VIEWS, REVIEWS, FORUM AND OTHERS
Crackdown on money laundering a testament to integrity of Singapore as a financial centre: DPM Heng
Singapore – Singapore’s recent crackdown on money laundering in a case involving more than $1.8 billion in assets is a testament to the integrity of Singapore as a financial centre, said Deputy Prime Minister Heng Swee Keat.
https://www.straitstimes.com/business/crackdown-on-money-laundering-a-testament-to-integrity-of-singapore-as-a-financial-centre-dpm-heng
https://www.businesstimes.com.sg/singapore/crackdown-money-laundering-testament-integrity-singapore-financial-centre-dpm-heng
Employers to provide proof of acceptable lodging for new non-Malaysian work permit holders
From Sep 19, employers in the construction, marine shipyard and process sectors will need to provide proof of acceptable accommodation before they are permitted to bring new non-Malaysian work permit holders into Singapore.
https://www.businesstimes.com.sg/singapore/employers-provide-proof-acceptable-lodging-new-non-malaysian-work-permit-holders
https://www.straitstimes.com/singapore/employers-to-provide-proof-of-stay-for-new-non-malaysian-work-permit-holders-from-sept-19
https://www.todayonline.com/singapore/proof-accommodation-required-new-foreign-workers-construction-shipyard-and-process-sectors-mom-2251711
https://www.channelnewsasia.com/singapore/work-permit-holders-proof-acceptable-accommodation-required-construction-shipyard-process-sep-19-mom-3761321
GLOBAL ECONOMY & REAL ESTATE
US government shutdown threatens economic risk: Treasury official
https://www.businesstimes.com.sg/international/us-government-shutdown-threatens-economic-risk-treasury-official
US inflation outlook stable, credit pessimism rises in Fed study
https://www.businesstimes.com.sg/international/us-inflation-outlook-stable-credit-pessimism-rises-fed-study
The mighty American consumer is about to hit a wall, investors say
https://www.businesstimes.com.sg/international/mighty-american-consumer-about-hit-wall-investors-say
https://www.straitstimes.com/business/economy/the-mighty-us-consumer-is-about-to-hit-a-wall-investors-say
Australia consumer sentiment languishes in pessimistic territory
https://www.businesstimes.com.sg/international/australia-consumer-sentiment-languishes-pessimistic-territory
China economy shows tentative signs of stability as CPI ticks up
https://www.businesstimes.com.sg/international/china-economy-shows-tentative-signs-stability-cpi-ticks
More Chinese seek bargains at Beijing market as confidence in economy wanes
https://www.businesstimes.com.sg/international/global/more-chinese-seek-bargains-beijing-market-confidence-economy-wanes
More Chinese cities lift home-buying curbs to revive demand
https://www.businesstimes.com.sg/property/more-chinese-cities-lift-home-buying-curbs-revive-demand
https://www.scmp.com/business/banking-finance/article/3234121/more-chinese-cities-lift-home-buying-curbs-revive-demand-jinan-and-qingdao-allow-homes-all-areas-be
China property crisis will need more than ‘simple policy’ solutions, say experts at Forbes conference in Singapore
https://www.scmp.com/week-asia/economics/article/3234165/china-property-crisis-will-need-more-simple-policy-solutions-say-experts-forbes-conference-singapore
EU forecasts German economy in recession in 2023
https://www.businesstimes.com.sg/international/eu-forecasts-german-economy-recession-2023
Pause or hike? ECB rate decision on a knife edge
https://www.businesstimes.com.sg/international/pause-or-hike-ecb-rate-decision-knife-edge
Hong Kong’s economic growth forecast at risk: survey
https://www.businesstimes.com.sg/international/hong-kongs-economic-growth-forecast-risk-survey
Illegal structures found at second Hong Kong luxury home, after landslide from rainstorm triggers evacuation of nearby house with unsafe additions
https://www.scmp.com/news/hong-kong/health-environment/article/3234103/illegal-structures-found-second-hong-kong-luxury-home-after-landslide-prompts-evacuation-nearby
Hong Kong real estate developers respond strongly to Kai Tak land tender despite property market pressures
https://www.scmp.com/business/article/3234155/hong-kong-real-estate-developers-respond-strongly-kai-tak-land-tender-despite-property-market
New Zealand forecasts larger budget deficit but improved economy
https://www.businesstimes.com.sg/international/new-zealand-forecasts-larger-budget-deficit-improved-economy
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